Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells $55,053.72 in Stock

Global-e Online Ltd. (NASDAQ:GLBEGet Free Report) CEO Amir Schlachet sold 1,308 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $42.09, for a total value of $55,053.72. Following the transaction, the chief executive officer owned 4,065,422 shares in the company, valued at $171,113,611.98. The trade was a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Amir Schlachet also recently made the following trade(s):

  • On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.23, for a total value of $1,030,708.77.
  • On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were sold at an average price of $36.21, for a total value of $2,112,165.51.
  • On Thursday, July 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $37.09, for a total value of $927,212.91.
  • On Tuesday, June 16th, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $32.18, for a total value of $536,311.88.
  • On Monday, June 1st, Amir Schlachet sold 8,333 shares of Global-e Online stock. The stock was sold at an average price of $33.58, for a total value of $279,822.14.
  • On Tuesday, June 2nd, Amir Schlachet sold 16,666 shares of Global-e Online stock. The stock was sold at an average price of $33.34, for a total value of $555,644.44.
  • On Tuesday, May 19th, Amir Schlachet sold 8,333 shares of Global-e Online stock. The shares were sold at an average price of $29.00, for a total value of $241,657.00.

Global-e Online Stock Performance

Global-e Online stock opened at $42.32 on Friday. The company has a market cap of $7.18 billion, a P/E ratio of 65.11 and a beta of 1.03. Global-e Online Ltd. has a one year low of $26.84 and a one year high of $42.51. The business has a fifty day moving average of $35.96 and a two-hundred day moving average of $33.87.

Analyst Ratings Changes

Several analysts recently commented on the stock. Benchmark reiterated a “buy” rating on shares of Global-e Online in a research note on Wednesday, May 27th. Truist Financial increased their target price on shares of Global-e Online from $39.00 to $41.00 and gave the company a “buy” rating in a report on Friday, July 24th. Needham & Company LLC reiterated a “buy” rating on shares of Global-e Online in a research report on Wednesday, May 27th. Morgan Stanley decreased their price target on Global-e Online from $43.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, BMO Capital Markets upped their price target on Global-e Online from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Global-e Online has an average rating of “Moderate Buy” and an average price target of $44.83.

Check Out Our Latest Stock Report on GLBE

Institutional Trading of Global-e Online

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc increased its position in Global-e Online by 73.3% during the 3rd quarter. IFP Advisors Inc now owns 1,059 shares of the company’s stock worth $38,000 after purchasing an additional 448 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Global-e Online during the 4th quarter worth about $39,000. Geneos Wealth Management Inc. boosted its stake in shares of Global-e Online by 67.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,314 shares of the company’s stock worth $47,000 after purchasing an additional 528 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Global-e Online by 780.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,823 shares of the company’s stock worth $61,000 after purchasing an additional 1,616 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Global-e Online during the fourth quarter worth about $72,000. 94.60% of the stock is currently owned by hedge funds and other institutional investors.

Global-e Online Company Profile

(Get Free Report)

Global-e Online Ltd. (NASDAQ: GLBE) is a leading cross-border e-commerce platform that enables online merchants to expand sales internationally. The company’s cloud-based solution integrates with major e-commerce systems to offer localized checkout experiences, dynamic currency conversion, import duties and taxes calculation, fraud prevention, and compliance with local trade regulations. By managing the end-to-end complexities of global transactions, Global-e helps retailers streamline their international operations and deliver a seamless shopping experience to customers worldwide.

Central to Global-e’s offering is a comprehensive suite of services that includes customizable checkout in the buyer’s local language, real-time display of prices in over 140 currencies, support for region-specific payment methods, and transparent calculation of duties and taxes at point of sale.

Further Reading

Insider Buying and Selling by Quarter for Global-e Online (NASDAQ:GLBE)

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